Empty ISA Question 14 December 2021 at 2:17PM in ISAs & tax-free savings 1 reply 137 views

VXman

I had an !SA with Vanguard in 2019/20 and 2020/21. In April 2021 I withdrew it all. I thought that meant I had lost this ISA entitlement. However on my account on the vanguard site it says

 'You have £79,543.95 remaining of
your 2021/22 ISA allowance'

I have no balance in that account at the moment or any cash. Can anyone explain?  Do I still have my previous allowances plus 2021-22?  Even so why £79543.95?

eskbanker

If it's a flexible ISA and you withdrew the funds after the start of the 2021/22 tax year, then you have the right to reinstate all that money before the end of this tax year, including this year's £20K.

https://www.moneysavingexpert.com/savings/flexible-isas/